Recently fifty Indiana economists issued a public letter to their state's legislature endorsing a "carbon tax" as an economically wise way to curb global warming by reducing carbon dioxide emissions. The fundamental premise of taxing CO2 emissions is that they cause more harm than good (and thus are what economists call a “negative externality”—a cost of doing business not borne by a firm but foisted off onto others—the typical case with pollution). Economists are right to say that taxing … [Read more...]
Sensible, sustainable nuclear power for Africa
Economic, environmental and practical reasons make nuclear power Africa’s best option Article also by Knox Msebenzi. Centuries ago European countries were scrambling to take control of large pieces of Africa, to increase their wealth and colonial prestige. They brought their sophisticated, advanced ideas and methods to Africa. This changed the developmental direction of African countries, and positive influences were absorbed, while a great deal of unhappiness and conflict also … [Read more...]
How Busy Was the 2020 Hurricane Season?
The 2020 Atlantic hurricane season, with 30 named storms, is going down in the record books as having the most named storms of any season on record. But are we comparing apples and apples—or apples and oranges? Some people blame the recent increase in named storms—tropical storms and hurricanes—on global warming, and infer that we must stop spewing CO2 into the atmosphere to curb the warming and so prevent the increase in storms and the damage they cause. But the raw data for hurricane … [Read more...]
The Formula for a Richer World? Equality, Liberty, Justice
Guest column by Dierdre N. McCloskey [Editor's note: Dierdre McCloskey is one of the world's foremost economic historians, whose many books have provided extraordinary insights into how societies rise from poverty to prosperity and remain prosperous. We are grateful for Dr. McCloskey's permission to reprint this article, which first appeared in the New York Times and then was republished on the website of the American Institute for Economic Research.---E.C.B.] The world is rich and will … [Read more...]
Most Didn’t Know It, But Those Who Voted for Biden Voted for Electric Vehicles
The Big Switch will massively change America The election of the Biden-Harris ticket will, we are told, hasten the death of the internal combustion engine in the United States. Once the sale of new gasoline engine vehicles is banned, the only question remaining is how long before driving them is also outlawed? Well, incoming Vice President Kamala Harris promised that, “By my plan, by 2045 we will have basically zero emission vehicles only.100 percent by 2045.” President-elect Biden has … [Read more...]
Whitehouse’s Call For A Climate Inquisition Undermines Scientific Research
Sen. Sheldon Whitehouse (D-RI) is hostile to open debate over climate science and policy. Sadly, he’s far from being the only one. Many progressive Democrats, and their lapdogs in the mainstream media, have long been calling for a climate inquisition: prosecution, fines, imprisonment, and reeducation camps for economists, scientists, and political analysts whose research has led them to question whether humans are causing a climate catastrophe or that big government must impose harsh … [Read more...]
Government Transparency Should Not be Controversial
Ballot harvesting, behind-the-curtains ballot counting and other hijinks have made transparency a critical issue this election year. Meanwhile, as the U.S. Environmental Protection Agency celebrates its fiftieth birthday, political battles continue to rage over the extent of public, executive and congressional oversight, and access to research files, original data and other information used by the agency in taking legal actions against individuals, institutions and businesses. The latest … [Read more...]
The Myth of Glorious Renewables
We all love energy solutions that make life better. It is an undeniable fact that coal propelled the Industrial Revolution and led to the alleviation of poverty in the West. More recently, the oil reserves in the Middle East have made it one of the most economically developed regions in the world. Despite their continuous support to the global economy, these fossil fuel sources have now become unpopular among the climate-sensitive, anti-fossil fuel, green lobbyists and environmental … [Read more...]
Study suggests no more CO2 warming
Precision research by physicists William Happer and William van Wijngaarden has determined that the present levels of atmospheric carbon dioxide and water vapor are almost completely saturated. In radiation physics the technical term “saturated” implies that adding more molecules will not cause more warming. In plain language this means that from now on our emissions from burning fossil fuels could have little or no further impact on global warming. There would be no climate emergency. … [Read more...]
Africa’s priority: Unrestricted energy development
Africa has been recording fast economic growth in the last two decades, with an average annual GDP growth of 4.6% (2000-2016). However, that has not been sufficient to meet the developmental goals and poverty is again on the rise. In recent years, poverty rose slightly in Africa for the first time in more than a decade, especially in countries like South Africa, Niger, and Uganda. To make things more challenging, COVID-19 has had a negative effect on the GDP. The GDP of South Africa—the … [Read more...]
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